AEGON: Progress on Share Repurchase Program

    THE HAGUE, The Netherlands, October 15 /PRNewswire-FirstCall/ -- AEGON
 (LSE:AGN, AEG) announced today that, in line with the share repurchase
 program announced on August 9, 2007, the company has repurchased 2,370,000
 common shares during the week of October 8 until October 12, 2007.
     The common shares were repurchased at an average price of EUR 14.1053
 for a total amount of EUR 33,429,564.
     The total number of common shares repurchased under this program to
 date is 32,050,000 shares for a total consideration of EUR 424,828,000. To
 date approximately 42.5% of the repurchase program has been completed.
     For details on the repurchase program, see http://www.aegon.com.
     ABOUT AEGON
     AEGON is one of the world's largest life insurance and pension
 companies, and a strong provider of investment products. AEGON empowers
 local business units to identify and provide products and services that
 meet the evolving needs of customers, using distribution channels best
 suited to local markets. AEGON takes pride in balancing a local approach
 with the power of an expanding global operation.
     With headquarters in The Hague, the Netherlands, AEGON companies employ
 approximately 30,000 people worldwide. AEGON's businesses serve millions of
 customers in over twenty markets throughout the Americas, Europe, and Asia,
 with major operations in the United States, the Netherlands and the United
 Kingdom.
     Respect, quality, transparency and trust constitute AEGON's core values
 as the company continually strives to meet the expectations of customers,
 shareholders, employees and business partners. AEGON is driven to deliver
 new thinking with the ambition to be the best in the industry.
     Forward looking statements
     The statements contained in this press release that are not historical
 facts may be forward-looking statements as defined in the U.S. Private
 Securities Litigation Reform Act of 1995. Words such as 'believe',
 'estimate', 'target', 'intend', 'may', 'expect', 'anticipate', 'predict',
 'project', 'counting on', 'plan', 'continue', 'want', 'forecast', 'should',
 'would', 'is confident' and 'will' and similar expressions as they relate
 to us are intended to identify such forward-looking statements. These
 statements are not guarantees of future performance and involve risks,
 uncertainties and assumptions that are difficult to predict. We undertake
 no obligation to publicly update or revise any forward-looking statements.
 Readers are cautioned not to place undue reliance on these forward-looking
 statements, which speak only as of their dates. All forward-looking
 statements are subject to various risks and uncertainties that could cause
 actual results to differ materially from expectations, including, but not
 limited to, the following:
     - Changes in general economic conditions, particularly in the United
 States, the Netherlands and the United Kingdom;
     - Changes in the performance of financial markets, including emerging
 markets, including:
         - The frequency and severity of defaults by issuers in our fixed
           income investment portfolios; and
 
         - The effects of corporate bankruptcies and/or accounting
           restatements on the financial markets and the resulting decline in
           value of equity and debt securities we hold;
 
 
     - The frequency and severity of insured loss events;
     - Changes affecting mortality, morbidity and other factors that may
 affect the profitability of our insurance products;
     - Changes affecting interest rate levels and continuing low interest
 rate levels and rapidly changing interest rate levels;
     - Changes affecting currency exchange rates, including the EUR/USD and
 EUR/GBP exchange rates;
     - Increasing levels of competition in the United States, the
 Netherlands, the United Kingdom and emerging markets;
     - Changes in laws and regulations, particularly those affecting our
 operations, the products we sell and the attractiveness of certain products
 to our consumers;
     - Regulatory changes relating to the insurance industry in the
 jurisdictions in which we operate;
     - Acts of God, acts of terrorism, acts of war and pandemics;
     - Changes in the policies of central banks and/or governments;
     - Litigation or regulatory action that could require us to pay
 significant damages or change the way we do business;
     - Customer responsiveness to both new products and distribution
 channels;
     - Competitive, legal, regulatory, or tax changes that affect the
 distribution cost of or demand for our products;
     - Our failure to achieve anticipated levels of earnings or operational
 efficiencies as well as other cost saving initiatives;
     - The impact on our reported financial results and financial condition
 as a result of our adoption of International Financial Reporting Standards.
     CONTACT INFORMATION
 
     Group Corporate Affairs & Investor Relations:
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                The Hague, the Netherlands     Baltimore, the United States
     ------------------------------------------------------------------------
     Analysts &     +31-(0)70-344-83-05              877-548-9668 (toll free
     Investors                                - USA only) / +1-410-576-45-77
     Media          +31-(0)70-344-83-44
     E-mail            gca-ir@aegon.com                      ir@aegonusa.com
     Website       http://www.aegon.com
     ------------------------------------------------------------------------
 
 

SOURCE AEGON N.V.